Fairstone is buying its commercial operations for $1.9B
Impaired loans continue to grow amid elevated interest rates, uncertainty
Smaller banks less diversified than Big Six, but still poised for growth
The bank's profit level is up about $10M from the same period last year
Kevin Gopaul becomes CIO of REX Financial Canada
Deal includes about 2,050 clients and $250 million in assets
The plan hopes to position the company as an alternative bank
Deal includes 16,000 accounts, $2 billion in assets, 30 advisors
Bank cuts 2% of staff, will revamp its strategic plan
Montreal-based bank said it will stick with its current business plan, with an increased focus on efficiency